International Political Economy Concepts

International Political Economy Concepts

The trade and production structure is a set of relationships amongst international organizations, states, NGOs, and international businesses. Together, these entities influence and control international norms and rules relating to production, where production takes place, who produces, who is the market, and lastly at what price. Economics of trade and its politics are inseparable. International trade has enlarged in value as well as in volume partially, as a manifestation of production internationalization. Progress in communication technology has precipitated a disintegration of production, with organizations outsourcing segments of the production process to diverse parts of the…